Latest brokerage targets:
CS: $1.2
CITI: $1.05
JPM: $1.24
ML: $1.45
Brokers did not include potential takeover of SXL once the media ruling becomes more relax which is expected to happen at end of the calender year.
At a current 12%+ fully franked yield and the dodgy trades you see happening, someone is shorting the stock or trying to depress the shareprice. SXL shorts have also increase 10 fold from begining of the year to now so i would also expect short covering on good news.
I'm a short term trader, my short term target would easily be $1.20, and higher near end of the calender year.
value, page-15
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Last
54.5¢ |
Change
-0.035(6.03%) |
Mkt cap ! $119.9M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 57.0¢ | 54.5¢ | $115.1K | 207.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1800 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 476 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SXL (ASX) Chart |
